Autos

Electric vehicle stocks surge

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Rivian R1T all-electric truck in Times Square on listing day, on Wednesday, Nov. 10, 2021 in New York.

Ann-Sophie Fjello-Jensen | AP

Beaten-up shares of several electric-vehicle start-ups moved sharply higher Thursday morning in wild and largely unexplained trading.

Rivian Automotive after market close on Wednesday reported a first-quarter loss that was narrower than Wall Street had expected, and Lordstown Motors announced a crucial deal to sell its Ohio factory had closed.

The stocks were up roughly 16% and 45%, respectively, in mid-morning trading.

Here are some other major EV stock moves, as of noon in New York:

Several companies in the group, including Lucid, Fisker, Nikola and Rivian,…



Source cnbc.com

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